Despite weak Q2 forecast, DoorDash orders are up 21%
Shares of DoorDash (DASH) fell sharply during Thursday's trading session after the company issued weak second quarter guidance. The food delivery platform lowered its expectations for adjusted EBITDA, forecasting a range of $325 million to $425 million for the upcoming quarter. Yahoo Finance's Brooke DiPalma breaks down the details, shedding light on the strategic investments DoorDash has been making to boost profitability.
Shares of DoorDash (DASH) are falling during after-hours trading on Wednesday. Despite beating revenue expectations by posting $2.51 billion in revenue, the company's weaker-than-expected outlook for the second quarter is weighing on the stock price. Yahoo Finance's Brooke DiPalma breaks down the delivery company's quarterly results.